DEEPS to explore Lebanon’s oil and gas potential

Created: Sunday, 29 July 2018 06:31

The company looks to tap into promising potential of oil and gas sector in Lebanon. (Image source: skeeze/Pixabay)A new specialised oil and gas services company, DEEPS, has opened an office in Lebanon, aiming to explore oil and gas potential in the region

The company was formed as an investment to serve international companies that will be operating offshore the Lebanese coasts through an integrated package of the industry’s services.

The new firm was founded by Salah Hafez and Hesham Ismail who hold high positions in the oil and gas industry and were part of Egypt’s rise in the sector during the last decades.

A seasoned Egyptian geophysicist, Salah Hafez has 50-years of experience in the aspects of energy, while being instrumental in introducing the gas clause to the Egyptian PSAs resulting in developing the Mediterranean gas basins.

Salah will invest his wide experience for the benefit of the clients of DEEPS, being its vice-chairman. Ismail, who was vice-president of Halliburton in North Africa, brings the knowledge in exploration and investment of oil fields, will be the general manager of DEEPS. Georges Najm, chairman and CEO of DEEPS, will be leading the company’s consultancy and servicing activities.